Sri Lanka's economic crisis: Lessons for the developing countries
By: Singh, Surander
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Material type: 
BookPublisher: Indian Journal of Political Science Description: 85(3), Jul-Sept, 2024: p.775-780.Subject(s): organic farming, economic system, crisis, Shri LankaSummary: Economic crisis of Sri Lanka was a significant development in the history of the South Asian Iceland. It has its own historical and contemporary dimensions. Poor economic management and policies of Lankan government created the worst economic scenario in the country. Introduction of Organic farming, welfare policies and mismanagement of foreign exchange ruined the economic conditions of the country. Terrorist attack, inflation and outbreak of COVID 19 pandemic further increased the foreign debt and created imbalanced in the foreign exchange. Economic conditions are always crucial for any country specially the developing and under developed country. They play very significant role in the framing of the policies and programmes for the management of political, strategic and other affairs. It is important for the developing countries to make long term plans and policies in this regards. Capability of the political and economic system, to face the challenges is important for all the states in the present scenario. The economic crisis has various impacts on the political, strategic and socio-economic conditions of Sri Lanka and other developing countries of South Asia and the neighbouring regions. It is an alarm for the other developing countries. There is a need to learn from Sri Lankan crisis and set their own house in order.
| Item type | Current location | Call number | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Available | AR136388 |
Economic crisis of Sri Lanka was a significant development in the history of the South Asian Iceland. It has its own historical and contemporary dimensions. Poor economic management and policies of Lankan government created the worst economic scenario in the country. Introduction of Organic farming, welfare policies and mismanagement of foreign exchange ruined the economic conditions of the country. Terrorist attack, inflation and outbreak of COVID 19 pandemic further increased the foreign debt and created imbalanced in the foreign exchange. Economic conditions are always crucial for any country specially the developing and under developed country. They play very significant role in the framing of the policies and programmes for the management of political, strategic and other affairs. It is important for the developing countries to make long term plans and policies in this regards. Capability of the political and economic system, to face the challenges is important for all the states in the present scenario. The economic crisis has various impacts on the political, strategic and socio-economic conditions of Sri Lanka and other developing countries of South Asia and the neighbouring regions. It is an alarm for the other developing countries. There is a need to learn from Sri Lankan crisis and set their own house in order.
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